You can now download the Gann Wildhog Divergence Forex Trading Strategy for free on AtoZ Markets indicators gallery.
Divergences trading is one of the most overlooked ways to trade the markets. You would often see traders talking about divergences, such as breakout strategies, trading off of bounces of support and resistance, momentum strategies, and so on. Divergences have proven to be a winning strategy for many traders.
Wildhog NRP Divergence
Gann HiLo activator bars
Timeframe: 15-minute, 1-hour and 4-hour charts
Currency Pair: any
Trading Session: any
How to trade with Gann Wildhog Divergence Forex Trading Strategy
This FX trading strategy uses hidden divergences to make it easy to see divergences. Wildhog NRP Divergence is an oscillating custom indicator which prints divergences on both the oscillating indicator's windows and on the price charts. The indicator also displays arrows that indicate the trade direction on its window.
It prints both hidden and regular divergences. Regular divergences are printed as solid lines, while hidden divergences are printed as broken lines.
We will not accept all divergences. We will use the Gann HiLo activator bar custom indicator to further filter our trades. This indicator displays the short-term trend using the color of the bars printed in the price chart. Hidden divergences will only be taken if they agree with the Gann HiLo activator bar's short-term trend.
This would indicate that the short-trend continues in the same direction, and we are trading a hidden divergence as a continuation trade.
We will immediately exit trade if an opposing divergence appears, regardless of whether it is regular or hidden.
We will have two templates for the Gann HiLo activator bar indicator, one with candlesticks and the other with Gann Hilo activator bar templates.
Want to trade Forex using Gann Wildhog Divergence strategy with a reliable broker? Open an account with any of the below AtoZ Markets approved forex brokers:
Buy (Long) Setup Rules
- The Wildhog Divergence indicator must show a hidden bullish divergence. This should be indicated by sky-blue broken lines below and below the line oscillating indicator and a green Arrow pointing up
- The Gann activator bars should display green bars to indicate that it is bullish
- Place a buy order after the candle closes if the above rules are in agreement
- Place the stop loss slightly lower than the entry candle
- If a bearish divergence is detected (a pink line drawn on the price chart or oscillating indicator) and a magenta point down, close the trade.
Sell (Short) Setup Rules
- The Wildhog Divergence indicator must show a hidden bearish divergence. This should be indicated by pink broken lines just above the price, above the line of oscillating indicators and a magenta Arrow pointing down
- The Gann activator bars must print red bars to indicate that it is bearish
- Place a sell order at candle's close if the above rules are in agreement
- Adjust the stop loss to be slightly higher than the entry candle
- If a bullish divergence is detected, it will be indicated by a sky-blue line on the price chart or oscillating indicator and a green Arrow pointing upward.
How to download and install an indicator
In order to install the indicator on your MT5 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into the MT5>Indicator folder of the MetaTrader5 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “Gann Wildhog Divergence Forex Trading Strategy” template to apply it on the chart.
Note: This indicator was developed by Jack. AtoZ Markets does not carry any copyrights over this trading tool.
Should you trade using Gann Wildhog Divergence Forex trading strategy on your own at all?
Before you start trading with this strategy, you'll want to read this.
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